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2nd Quarter 2014 Volume 4 Number 2 10 Shipping & Risk 16 Decisions at the Pump: Regular, Super or Sustainability The way that shipping fi rms manage risk is changing. Investable assets include ships, freight and even the hedging of bunkers. By Barry Parker Decisions made in fueling your current and future fl eet are fraught with risk. Choose wisely. By Robert Kunkel Maritime Professional 2Q 2014 | www.MaritimeProfessional.com The stakes have never been higher – for Africa, its trading partners and the shippers who traverse pirate-infested African waters. The effort to rid Africa of the scourge of Piracy ultimately must be borne by Africans. But, fi rst, they must have the training and tools to do so. By Sarah Yuen GASLOG Photo: Sarah Y uen NY NJ 30 LNG & Risk Despite its allure, LNG as a marine fuel carries with it as many risks as rewards. As industry and OEM’s work to remove any doubt, will the slow-moving regulatory machine stymie innovation? By Joseph Keefe 38 Port Plans In prepping for Panama Canal expansion, among other things, ports must tackle time and money issues to play in the Post-Panamax era. Make no mistake, it is risky business. By Patricia Keefe 48 Risk Assessments: The Heart of Underwriting Underwriters must do their homework and those who do that will generally have solid results. By H. Elder Brown, Jr. 22 The Quest to Secure Africa ON THE COVER 2 | Maritime Professional | 2Q 2014 1-17 Q2 MP2014.indd 2 5/20/2014 11:28:31 AM